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20121205
20121213
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CSPAN 4
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Search Results 0 to 3 of about 4 (some duplicates have been removed)
CSPAN
Dec 12, 2012 1:00am EST
state. i think these states are smaller states. rural states. states in which public employee unions have less leverage than the politics which makes a big difference. i think where the infrastructure needs arno werner as great as -- are nowhere near as great as they are in the states that have several cities which require massive public transportation mechanisms, but the fact that though those analyses are not there does not diminish in anyway the steps these states have taken to keep their fiscal house in order. having rainy day funds is critical to take care of the enormous situations that occur in budgets and the economy. i think he cannot lose sight of the fact that one of the reasons you have a smaller medicaid expenditure is because of the federal formula which favors some states because it is not a based on the actual need. it is based on a median income calculation. as a result of that, a state like new york are california, has a lot more poor people and a lot of rich people so it does back at the same break. i think you get 60% reimbursement from the fed. you get 50% -- oh
CSPAN
Dec 6, 2012 8:00pm EST
a bigger adjustment than any of the european unions. it gives an urgency for us to act. it is also possible to theorize about how a continuation of these policies could hurt growth farther into the future. a recent paper shows that if we do not act on this, and we are basically producing a fundamentally different america. it suggests that we are going to move into a world by 2040 were economic growth in the u.s. is not what we normally expect to see each year. there is crowding out of unity by the government. that is how urgent it is. what should we do? there is another large literature that looks at fiscal consolidations. using my own study as an example and along with my two colleagues, our metric of success is that they achieve deficit reduction. we found fiscal consolidations that were very heavily weighted for spending were much more likely to be except the both then consolidations that were -- likely to be more successful than consolidations that were heavily weighted toward tax increases. we speculate that this is because we find this result because the tax heavy fiscal consolidation
Search Results 0 to 3 of about 4 (some duplicates have been removed)